Real Estate Term of the Day: First Mortgage & Second Mortgage

Real Estate Term of the Day: First Mortgage & Second Mortgage FIRST MORTGAGE – a mortgage that has priority as a lien over all other mortgage.  In cases of foreclosure the first mortgage will be satisfied before other mortgages (Barron’s Dictionary of Real Estate Terms) SECOND MORTGAGE – a subordinated lien (lower priority than another), … More Real Estate Term of the Day: First Mortgage & Second Mortgage

Real Estate Term of the Day: Feng Shui

Real Estate Term of the Day: Feng Shui FENG SHUI – (pronounced “fund shway”) ancient Asian art of creating harmony and balance within an environment (Barron’s Dictionary of Real Estate Terms) According to the Institute of Feng Shui & Geopathology, “Feng Shui we evaluate a house and its property for sufficient Chi (pronounce “chee“). Chi is … More Real Estate Term of the Day: Feng Shui